Rostow’s Model of Development

Rostow’s Model of Development

A model of economic development that describes a country's progression which occurs in five stages transforming them from least-developed to most-developed countries.

Traditional Society (1)

Based on subsistence farming and extraction of materials, such as:

* fishing
* forestry
* mining

Ex.

* U.S. - Pre Independence
* Sub-Saharan Africa

Pre-conditions for Takeoff (2)

Building infrastructure that is needed before development can take place. Needed items include:

* Transportation network (ex. roads, railroads/trians)
* Money from farming
* Power supplies
* Communication

Ex.

* U.S - Mid 1800’s
* South Sudan + most of Sub-Saharan Africa

Take off (3)

Introduction and rapid growth of __**manufacturing**__ industries (**Industrial Revolution**), better infrastructure, financial investment, and culture change.

Ex.

* U.S. steel and oil industries 1880’s
* India

Drive to Maturity (4)

New ideas and technology improve and replace older industries, economic growth spreads throughout the country.

Ex.

* U.S - Late 1800’s
* China

High Mass Consumption (5)

People have more wealth and so buy services and goods **(consumer society)**, welfare systems are fully developed, trade expands.

Ex.

* U.S. - Early to Mid 1900’s
* South Korea